Summarized Press Release - KMT Hansa Corp. (NEX:KMC.H) The Company announces its annual shareholders meeting has changed to M...
May 08 2019 - 7:01PM
PR Newswire (Canada)
ANGUILLA, British West Indies,
May 8, 2019 /CNW/ - KMT-Hansa
Corp. (NEX: KMC.H) ("KMT" or the "Company") is making a summarized
press release that covers press releases made on 3 occasions dated
November 12, 2018; January 15, 2019 and February 5, 2019. The press releases from the 3
occasions were not picked up by news agencies properly. The Company
apologizes for any cause of inconvenience.
- November 12, 2018: KMT-Hansa
Corp. (NEX: KMC.H) ("KMT" or the "Company") is pleased to announce
it entered into an agreement (the "Agreement") on October 29, 2018 with HDD Investment Holdings
Corp. ("HDD"), a company that owns fifty thousand (50,000) Chinese
mu (8,237 acres, 3,333 hectares) of land in Hainan, China (the "Hainan Site") that it
intends to develop. Pursuant to the Agreement, KMT proposes to
enter into a transaction (the "Transaction") with HDD, wherein KMT
will acquire HDD by issuing common shares to its shareholders who
will become the majority shareholders of KMT. The Agreement is
subject to shareholder and regulatory approval. HDD, an
Anguilla corporation, intends to
develop the Hainan Site through several development projects that
will be in accordance with Hainan's 13th 5-Year plan that identifies
twelve key industries including tropical "high-efficiency
agriculture", "low-carbon manufacturing", "real estate", and "high
tech". More information about HDD and the Hainan development plans will be provided in a
future press release. The Company will seek shareholder approval
for i) the transaction, ii) a change in its name to a name to be
proposed by HDD, iii) the valuation of HDD that will determine the
number of shares of the Company to be issued to HDD shareholders,
iv) a consolidation of the common shares if needed, v) a new stock
option plan, and vi) a new slate of directors to be nominated by
HDD subject to completion of the transaction. The Transaction will
be subject to various conditions imposed by the parties, terms of a
definitive agreement, the TSX Venture Exchange, and regulatory
bodies in Canada or Anguilla. There is no assurance that the
Transaction will be completed as proposed or at all. Further
details of the proposed transaction, and a definitive agreement
will be provided when available.
- January 15, 2019: Anguilla, British West Indies – KMT-Hansa
Corp. ("KMT" or the "Company") announces that HDD Investment
Holdings Corp. ("HDD"), a private company incorporated pursuant to
the laws of Anguilla, has
acquired, by way of a private transaction, an aggregate of
14,103,827 common shares (the "Shares"), representing 51% of the
issued and outstanding securities of KMT. The Company anticipates
that in connection with the purchase of the Shares, the current
directors of the Company will resign and nominees of HDD will be
appointed to the board of KMT. HDD will provide the Company with
working capital and funding which will allow the Company to explore
the development of new business ventures. The Company will also be
making, at a future date, an application to the TSX Venture
Exchange for the relisting of its securities for trading through
the facilities of the TSX Venture Exchange. The Company also
announces that the proposed transaction between the Company and
HDD, as set out in the Company's press release of November 12, 2018, has been terminated.
- February 5, 2019: Anguilla, British West Indies - KMT-Hansa
Corp. ("KMT" or the "Company") announces its annual meeting of
shareholders will be held on April 3,
2019. The record date for notice and voting will be
February 27, 2019. Further details of
the meeting will be provided in subsequent communication to
shareholders. The Company's largest shareholder, HDD Investment
Holdings Corp. ("HDD"), is expected to propose new directors and
lead the Company in its efforts to develop new business ventures
and in its plans to apply to the TSX Venture Exchange for the
relisting of its securities for trading through the facilities of
the TSX Venture Exchange. More information about KMT-Hansa Corp.
can be found at www.kmt- hansa.com and the Company can be contacted
by email at edward.chan@hddcorp.com. More information about HDD can
be found at www.hddihcorp.com
- May 08, 2019: Anguilla, British West Indies - KMT-Hansa
Corp. ("KMT" or the "Company") announces its annual meeting of
shareholders announces its annual meeting of shareholders has been
changed and to be held on May 15,
2019 from April 3, 2019. The
record date for the notice and voting will be April 10, 2019. Further details of the meeting
will be provided in subsequent communication to shareholders. More
information about KMT-Hansa Corp. can be found at www.kmt-
hansa.com and the Company can be contacted by email at
edward.chan@hddcorp.com. More information about HDD can be found
at www.hddihcorp.com.
SOURCE KMT-Hansa Corp.
Copyright 2019 Canada NewsWire
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